Euro zone has long way to go in climb out of crisis: ECB’s Mersch
FRANKFURT (Reuters) – The euro zone is early on its climb out of economic crisis but it is on the right track, ECB Executive Board member Yves Mersch said on Friday.
General Motors appoints Matt Tsien as China president
SHANGHAI (Reuters) – General Motors Co said on Friday it has appointed Matt Tsien as president of GM China, replacing Bob Socia, who will retire on January 1, 2014.
Amazon Germany says more worried about snow than strikes
HAMBURG (Reuters) – Amazon.com Inc has no intention of bowing to pressure from striking workers in Germany, its second biggest market behind the United States, and is more worried about bad weather hurting Christmas deliveries, its country head said.
Italy October jobless rate stable at 12.5 percent, youth unemployment at new high
ROME (Reuters) – Italy’s seasonally adjusted unemployment rate was stable in October at a record 12.5 percent, while the youth jobless rate rose to a new high of 41.2 percent, statistics office ISTAT said.
Japan shippers plan to order 90 new LNG tankers worth $17.6 billion by 2020
TOKYO/SINGAPORE (Reuters) – Japan’s top shippers plan to order around 90 new liquefied natural gas (LNG) tankers worth about 1.8 trillion yen ($17.61 billion) by 2020 as they gear up to transport rising volumes of the super chilled fuel from North Amer…
Insight: No quick exit from West’s economic malaise
LONDON (Reuters) – Ending the Great Stagnation that is taxing Western policy makers may depend as much on the Chinese Communist Party as it does on the world’s leading central banks.
Asian shares steady, yen pinned at four-year low versus euro
TOKYO (Reuters) – Asian shares were steady on Friday, with Japanese stocks poised for another strong session as the yen languished at a four-year trough against the euro and six-month low versus the dollar.
Pizza Hut offers to rehire manager who refused to open on holiday
(Reuters) – A store manager of a Pizza Hut franchise in Indiana is mulling over a rehire offer from the worldwide pizza chain after he was fired for refusing to open the restaurant on Thanksgiving Day.
Australia surprises with rejection of $2.55 billion GrainCorp takeover by ADM
SYDNEY (Reuters) – Australia rejected the A$2.8 billion ($2.55 billion) takeover of GrainCorp by U.S. agribusiness giant Archer Daniels Midland (ADM) on Friday, bowing to pressure from grain growers in a rare and surprising decision.
Stores open early on Thanksgiving but shoppers in no rush
(Reuters) – Some early U.S. shoppers headed to stores on Thanksgiving Day in search of discounted holiday gifts on a day long reserved for American families to bond over turkey and football.
